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I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available.

As a reminder:

1. The survey is for conforming loans only.
2. You're welcome to email me about your pending plans to purchase or refinance.
3. I twitter market updates a few times daily.  Follow me, if you want.

Anyway, on to the group's predictions for the next 30 days:

• 69% of participants predict rates will increase
• 25% of participants predict rates will decrease
• 6% of participants predict rates will remain unchanged

I am predicting that rates will increase over the next 30 days, but that doesn't mean you should necessarily follow my advice when choosing whether to lock a rate, or float it.  My advice may not be appropriate for your individual situation.

From the Bankrate.com survey:

"Until oil prices fall, speculators will draw money from mortgage bonds. This should pressure mortgage rates higher."

It's been ugly this week.  Markets unwound six weeks of rate improvements in 72 hours.  Today, it's unwinding further.

I've been using Twitter as a way to communicate the market shifts to clients.  My tweets tell them when rates are likely to change so they can be more pro-active about their finances. 

Twitter's simple to set up and it's non-intrusive.  You're welcome to follow me if you'd like the updates, too.

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.